Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 338.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,930,706 shares of the real estate investment trust's stock after purchasing an additional 1,489,876 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.87% of Rexford Industrial Realty worth $97,134,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of Rexford Industrial Realty by 169.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 349 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of Rexford Industrial Realty by 164.3% during the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 447 shares in the last quarter. Headlands Technologies LLC acquired a new position in Rexford Industrial Realty in the 2nd quarter worth $41,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Rexford Industrial Realty by 1,252.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust's stock worth $47,000 after buying an additional 864 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

NYSE:REXR traded up $0.04 during midday trading on Monday, hitting $42.12. 1,723,010 shares of the stock were exchanged, compared to its average volume of 1,731,019. Rexford Industrial Realty, Inc. has a one year low of $41.16 and a one year high of $58.02. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.99 and a beta of 0.94. The business has a 50-day moving average price of $45.27 and a two-hundred day moving average price of $46.91.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The firm had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. During the same quarter last year, the business earned $0.56 EPS. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is 135.77%.

Insider Buying and Selling

In other news, CFO Laura E. Clark sold 14,185 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on REXR. Bank of America downgraded shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research note on Friday, October 18th. StockNews.com cut shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Scotiabank lowered shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, Mizuho cut their target price on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and an average price target of $51.09.

Rexford Industrial Realty Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.